An investment is said to be negatively geared if the interest payable on the borrowing exceeds the income received from the investment (after expenses), giving a negative cash flow. If the income received from the investment (after expenses) exceeds the interest payable on the borrowings, the...
The next few months are traditionally a busy time of year for accountants, with many clients looking to have their tax returns lodged. The ATO warns that it is also a busy time of year for fraudsters. Scams involving people pretending to be ATO officers as...
A new withholding regime will apply to contracts entered into on or after 1 July 2016. Broadly, where a foreign resident disposes of certain taxable Australian property, the purchaser will be required to withhold 10% of the purchase price*and pay that amount to the Australian Taxation...
Start planning NOW to maximise your tax refund next year! To help our clients we’ve been looking at strategies they can implement to maximize their refund next financial year. Here are our top 3.....
When successful companies face changing environments, they often fail to respond effectively. They get stuck in methods and modes of thinking that have been successful in the past and expect the same result ongoing. In some cases the very formula that brought success in the past...
Small businesses have been granted an extension for adopting SuperStream, with the Australian Tax Office extending the deadline for the scheme to October 28. ...
Starting Up a Business? Our Fresh Start Program is designed to deliver a cost effective outcome for those wishing to start a small business. The program seeks to deliver educational outcomes while providing a clear understanding of the business ideas potential. You will also develop strategy within such key areas...
Let tax planning be more than just getting a bigger refund It’s the last quarter of the financial year. It’s the best time to review your profits, estimate your tax bill and determine what you can do to get your tax bill as low as possible...
As organisations grow, habits form, people get set in their ways and the cost to produce inevitably rises. The result is inefficient practices. Waste in the business is an opportunity to make more profit. The good news is that anyone in business can learn how to...
As part of Forsythes’ ongoing partnership with The Royal Institute of Deaf & Blind Children (RIDBC) we are sponsoring a special event for Albinism Awareness Day. You can read more about Albinism via Kirsty’s blog where she shares home truths about caring for children with special needs,...